Bitcoin News Today: Bitcoin Cash Traders Eye $640 as Battleground for Breakout

Bitcoin Cash (BCH), which was launched in August 2017 as a hard fork of Bitcoin, has been the subject of various price forecasts and technical analyses in recent weeks. As of late August 2025, BCH was trading at approximately $557, with analysts and platforms like CoinCodex and Changelly projecting a range of price targets for the coming months. These projections reflect a mix of bullish and cautious outlooks, depending on market sentiment, technical indicators, and broader economic conditions.

Short-term price forecasts suggest that Bitcoin Cash could break out of its current consolidation phase if it surpasses key resistance levels. One such target is the $640 level, representing a potential 15.5% gain from the current price. This level is seen as critical for unlocking further upside, with some analysts forecasting a movement toward $689 within a one- to two-week timeframe. The $620–$640 range is particularly emphasized as a breakout zone that could trigger algorithmic buying and stop-loss covering, potentially accelerating the price toward more ambitious targets.

Technical analysis also highlights a weakening bearish momentum, as evidenced by the MACD histogram and RSI readings. BCH is currently trading above its 200-day moving average but below shorter-term averages, indicating a potential consolidation period before the next directional move. The current price of BCH is within the lower portion of its recent range, suggesting room for an upward move toward the upper Bollinger Band at $619. Volume analysis shows moderate trading activity on platforms like Binance, which could support a breakout if bullish momentum builds.

The analyst consensus points to the $575 level as a key area to watch, as reclaiming this 20-day SMA with conviction would strengthen the case for a bullish continuation. A failure to hold above $540, particularly with expanding volume, could validate a bearish scenario, leading to a potential drop toward the Bollinger lower band at $532 or even the strong support level at $481.90.

Longer-term forecasts also offer a range of outcomes. Changelly, for instance, anticipates a significant rise in BCH’s value over the next two decades, with an average price of $67,133.50 by 2040 and $152,217.58 by 2050. Other platforms, including CoinCodex and CoinDCX, project more moderate growth, with BCH averaging between $1,800 and $2,200 by 2030 and gradually rising in subsequent years. These forecasts are typically based on historical patterns, macroeconomic modeling, and potential developments in network adoption and protocol upgrades.

The future price trajectory of BCH will likely depend on a combination of factors, including increased adoption for payments, network developments such as CashTokens and SmartBCH, regulatory shifts, and broader crypto market conditions. Competition from Bitcoin and other layer-1 networks, as well as macroeconomic trends like interest rates and inflation, will also play a role.

For investors and traders, the current setup suggests a favorable risk-reward dynamic, particularly for those willing to enter the market in the $550–$560 range with well-defined risk parameters. Aggressive strategies may involve breakout entries above $575, while more conservative approaches could wait for a pullback to the $540–$545 range. Position sizing should account for the 15% potential downside to strong support versus the 24% upside to primary price targets.

As Bitcoin Cash continues to evolve, market participants will closely monitor key levels and developments in the broader crypto ecosystem to assess the likelihood of a sustained upward move.

Source: [1] Bitcoin Cash Price Prediction | Is BCH a Good Investment (https://capital.com/en-int/analysis/bch-bitcoin-cash-price-prediction) [2] BCH Price Prediction: Bitcoin Cash Eyes $640 Breakout ... (https://blockchain.news/news/20250828-price-prediction-target-bch-bitcoin-cash-eyes-640-breakout-within) [3] Cryptocurrency prices and charts (https://bit2me.com/price) [4] BITCOIN CASH PRICE PREDICTION TOMORROW, WEEK ... (https://30rates.com/bitcoin-cash-price-prediction-for-tomorrow-week-month)